Seller Financed deal 15k down mhp, instant cash flow

[Logan M.]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Cossayuna.

Purchase price: $250,000
Cash invested: $15,000

This is a 10-space community with a vacant home and vacant space.

What made you interested in investing in this type of deal?

I love MHPs and seller financing, it is the perfect combination.

How did you find this deal and how did you negotiate it?

I found this deal by calling the owners of the comps used for an appraisal on another park I own.

How did you finance this deal?

seller financing.

Lessons learned? Challenges?

Be extremely careful about who your partners are and their expectations.